Italy extends tax breaks

Exhibs protest against movie tix tax

Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013.

The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around $90 million for the national film fund.

Paolo Protti, prexy of the National Assn. of Cinema Retailers, has announced a campaign to inform moviegoers “about the government’s decision to stick its hand in their pockets,” basically forcing auds to finance local movies.

Chiefs of the two biggest loops, The Space and UCI, are threatening to pull Italian pics from their screens unless the tax is spread across other distribution platforms, including TV, pay per view, web and home video.

The fear is that raising ticket prices will discourage audiences and hinder the country’s cinema boom. Admissions were up 11% to 110 million in 2010 and attendance for 2011 is already up 50% on the same time last year, driven by local laffers.

For foreign producers looking to shoot in Italy, the good news is they can now tap into the tax credits, which offer a 25% deduction for productions capped at $7 million, payable through an Italian executive producer, until 2013. Furthermore, as of January, international shoots no longer have to pay a previously existing 20% value added tax.

More Film

  • Jason Blum Talks 'Get Out 2,'

    Jason Blum on 'Get Out 2' and Why He Couldn't Have Made 'A Quiet Place'

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • Diego Luna

    L.A. Mayor Eric Garcetti to Address Latino Association Summit, Diego Luna to Be Honored

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • NewportFILM Unveils Summer Slate

    NewportFILM Unveils Summer Slate

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • Lagardere Studios' Imagissime Unveils New Documentaries

    Lagardere Studios' Imagissime Unveils New Slate of Documentaries (EXCLUSIVE)

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • JEFF GOLDBLUM returns as Dr. Ian

    'Jurassic World: Fallen Kingdom' Charges Toward $133 Million Opening Weekend

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • Frank Grillo, Anthony Mackie

    Frank Grillo, Anthony Mackie to Reunite in 'Point Blank' Remake

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

  • Universal Music Restoration

    Universal Launches Music Restoration Program, New Soundtrack Imprint (EXCLUSIVE)

    Italian exhibs have threatened to shutter theaters in protest after the cash-strapped government ordered a €1 ($1.30) tax on movie tickets to finance the extension of tax breaks for local and foreign shoots through 2013. The tax, which kicks off in July, will raise an estimated $62 million per year for production incentives and around […]

More From Our Brands

Access exclusive content